Low Carbon Transportation investments are supported by California Cap-and-Trade
auction proceeds.
Per statute these funds must be
used to further the purposes of Assembly Bill 32 (AB 32; Nuņez, Chapter
488, Statutes of 2006). Each year, the legislature appropriates
funding to ARB for low carbon transportation projects. In fiscal
year (FY) 2014-15 $200 million was allocated for low carbon
transportation projects. AQIP, established by the California
Alternative and Renewable Fuel, Vehicle Technology, Clean Air, and
Carbon Reduction Act of 2007 (AB 118, Statutes of 2007, Chapter 750),
is a voluntary incentive program administered by ARB to fund clean
vehicle and equipment projects, research of biofuels production and the
air quality impacts of alternative fuels, and workforce training.
The AQIP Guidelines and annual Funding Plans guide ARB's implementation of AQIP.